EU states revive push to use frozen Russian assets for Ukraine

The Financial Times reported on Thursday that several European Union countries, including Sweden, the Netherlands, Spain, and Poland, are urging Brussels to revive efforts to use frozen Russian sovereign assets to finance Ukraine, amid concerns that Kyiv could face a new funding crisis.

According to the newspaper, four sources said a letter from a coalition of these countries will call on the European Commission to resume work on plans to fund Ukraine using assets from the Russian central bank.

Plans to use more than 200 billion euros in Russian central bank assets frozen in the EU under sanctions collapsed last winter after Belgium blocked the initiative.